Construction worker wearing blue hard hat bends over to hammer a new roof on a residence

Build or Renovate Your Dream Home

Whether you are building or renovating your dream home, our Construction Loan programs offer flexible financing options.
Ask an Expert

Build the home of your dreams

Fixed rate or adjustable rate options with a single loan closing.

Blue and red house
Site built
A red screwdriver crossed over a blue hammer
Renovations
Blue and red house
Modular
Blue and red house
Tear downs

Program details

  • Build a 1 unit, owner-occupied primary residence or second home on land you already own
  • Purchase land and build a 1 unit, owner-occupied primary residence or second home
  • Renovate or rehabilitate a 1 unit owner-occupied primary residence or second home
  • Eligible property locations: Connecticut, Maine, Massachusetts, Vermont, New Hampshire and in certain New York counties.
Spacer image 1px

Flexible financing to meet your renovation or new construction needs.

Ask an Expert
  • Fixed rate and adjustable rate options
  • One time closing means your loan automatically converts to a permanent loan once construction is completed
  • You pay interest only on the principal amount disbursed during the construction period (billed monthly)
  • When construction is complete, your monthly payment will convert from an interest only payment to a fully amortizing payment that will include principal and interest.

You might also be interested in...

Mother holding daughter and father holding young son as they relax on the porch stairs in the sunshine
Home Mortgages

You've found the perfect home, now find the perfect mortgage.

LEARN MORE
Woman checks laptop while man is working in the background on new home construction project
Home Equity Line of Credit

Make your dreams a reality with a Home Equity Line of Credit.

LEARN MORE
Family with young children moving into their new home unpack boxes in the empty living room
Homeowners Insurance

Whether you own or rent, protect your home and your belongings.

LEARN MORE
A red and a blue person
Mortgage Experts

Contact a local mortgage specialist for help.

FIND NOW
Blue and red house
Current Rates

Choose from a variety of mortgage options.

COMPARE RATES
Blue and red map locator pin
Locations

Find a convenient local branch or ATM.

FIND BRANCH
Blue square containing red addition, subtraction, multiplication and equals sign symbols
Calculators

Make better decisions about your finances.

VIEW TOOLS

© 2019 People's United Bank, N.A. | Member FDIC | Equal Housing Lender icon Equal Housing Lender